TS' Trading Journal (Since 2014/9/8) - Trading Journals | futures io social day trading
futures io futures trading


TS' Trading Journal (Since 2014/9/8)
Updated: Views / Replies:12,870 / 274
Created: by tshunhu Attachments:376

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 376  
 
Thread Tools Search this Thread
 

TS' Trading Journal (Since 2014/9/8)

  #51 (permalink)
Elite Member
Hubei, China
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Interactive Broker
Favorite Futures: Stocks
 
tshunhu's Avatar
 
Posts: 272 since Jun 2014
Thanks: 304 given, 165 received

20141017

Pre-Market Object
1. Limit num of trades (Yes)
2. Limit position size (Yes)

-------------------------------------------
Summary

Total 5 Trades
4 wins, 1 loss
4 Logical entry, 1 emotional trades
-------------------------------------------

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

SPY:

1st trade: short @188.17, target @188.80, stop @188.52 (exit @188.11), +6 ticks
I was fading the break out of openning high. Even though the MA was climbing, considering the first 3 bear bars, I expected a touch to MA. I knew it is not a high probability trade, so I got out once I do not feel very confident.

2nd trade: long @188.53, target @188.68, stop @188.42, target filled, +15 ticks
I entered breakout of opnenning high, but I was not sure about how much the price will move up excatly, so I scalped for 15 ticks.

3rd trade: short @188.50, target @188.20, stop @188.75 (exited @188.67), -18 ticks
I still held the idea that the price may go down to the open level or even today's low. Once I sas a bear bar forming and the price came back to the openning range, I shorted there expecting further downside movement, at least to the level of trendling. But my entry bar still closed above the openning high, I lost half of my confidence. When the next bar failed to break the low of my entry bar I exited the trade.

4th trade: long@188.68, target @??, stop @188.45 (exited @188.86), +18 ticks
The 4th trade was caused an emotional entry, I reversed to long from the 3rd short trade. I was thinking that with a climbing MA and previous good size bull bar a long trade could not be too wrong. I doubted that if the price could make a measured movement to the area of 189.42 or not, so I got out with scalping profit.

5th trade: long @188.90, target @189.10, stop @188.68, target filled, +20 ticks
The bear bar before my entry bar is a failed downside breakout, so I got in at the high of the bear bar. Got out early.


But now I am not upset about missing profit, it just reflect my ability of trading. When I am not enough exprienced and skillful, I am just not be able to catch as much profit as I want. By holding this idea, I will not get frustrated and enter many emotional trades.

Good Weekend to everyone!

Reply With Quote
The following 3 users say Thank You to tshunhu for this post:
 
  #52 (permalink)
Elite Member
Hubei, China
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Interactive Broker
Favorite Futures: Stocks
 
tshunhu's Avatar
 
Posts: 272 since Jun 2014
Thanks: 304 given, 165 received

Weekly summary (6th)

Monday: +/-0
Tuesday: +98 ticks
Wednesday: -32 ticks
Thursday: No trade
Friday: +41 ticks

I'll keep trading no more than 100 shares in October to cultivate a good habit of trading size and number of trade. The key for me is to have a peace mental environment, never get emotaional about missing profit, missing enter opportunities, lossing trade, positive daily P/L etc,.

Reply With Quote
The following 3 users say Thank You to tshunhu for this post:
 
  #53 (permalink)
Elite Member
Hubei, China
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Interactive Broker
Favorite Futures: Stocks
 
tshunhu's Avatar
 
Posts: 272 since Jun 2014
Thanks: 304 given, 165 received

20141020


Another catastrophic day, totally numb~ Lost several hundreds $.

The most painful part is the failure of myself, overtrade and oversize. I dreamt of high school math exam again~

Now I realize that the self-discipline is something we see behind a glass wall. It seems so clear and easy, and sometime I can achieve it, but it is not yet something I've gain totally control.


Reply With Quote
The following 6 users say Thank You to tshunhu for this post:
 
  #54 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,356 given, 83,237 received


tshunhu View Post
Another catastrophic day, totally numb~ Lost several hundreds $.

The most painful part is the failure of myself, overtrade and oversize. I dreamt of high school math exam again~

Now I realize that the self-discipline is something we see behind a glass wall. It seems so clear and easy, and sometime I can achieve it, but it is not yet something I've gain totally control.


Identify one or two very specific problems, then focus on those items every day and forget everything else.

Grade yourself daily on how well you accomplished those goals, not profit.

Spend as much time as needed to refine these one or two problems into strengths before moving on.

Sent from my LG Optimus G Pro

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 5 users say Thank You to Big Mike for this post:
 
  #55 (permalink)
Elite Member
Hubei, China
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Interactive Broker
Favorite Futures: Stocks
 
tshunhu's Avatar
 
Posts: 272 since Jun 2014
Thanks: 304 given, 165 received


Big Mike View Post
Identify one or two very specific problems, then focus on those items every day and forget everything else.

Grade yourself daily on how well you accomplished those goals, not profit.

Spend as much time as needed to refine these one or two problems into strengths before moving on.

Sent from my LG Optimus G Pro

Thank you Mike!

I shall stop trading for a while, at least for the rest of this week. I was not doing well since October, something in my mind is not right. I do not have the original learning attitude any more. I feel unbalanced, confused. After last huge loss of the Tuesday two weeks before, I tried to clear my mind. I did better last week, gained some confidence. But once I think I can control something, I lose the control.

I think mindset is the most important step toward constant profitablity, than comes the technics and so on. Now I just find that the seesaw match with myself to win self-discipline is very painful. It was the same way when I learn to put stop order, get hurt, learn, forget, hurt again, learn harder, at last it becomes a habit, a rule for myself.

I think it is the way of learning for myself, the main issues for now is to make sure that I'm progressing and do not lose too much. I feel that limiting the number of trade, trading position is more difficult than placing stop order. I'll keep working on this, hope that I can gain self control as early as possible.

I discuss this issue with my wife and we thought a lot about trading. We found that a successful trader must have many qualities that can actually lead to sucess in many other aspects of life, such as humble/honest/calm/focus. I'm doing better than the very beginning by learning all these stuff.

Please wish me good luck, and good trades to every one

Reply With Quote
The following 7 users say Thank You to tshunhu for this post:
 
  #56 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,641 since Jan 2013
Thanks: 26,773 given, 11,129 received
Forum Reputation: Legendary


tshunhu View Post
Please wish me good luck, and good trades to every one

Certainly, good luck!

This stuff is hard. I think you are working with what's most important now.

Again, good luck.

Bob.

Reply With Quote
The following 2 users say Thank You to bobwest for this post:
 
  #57 (permalink)
Elite Member
Hubei, China
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Interactive Broker
Favorite Futures: Stocks
 
tshunhu's Avatar
 
Posts: 272 since Jun 2014
Thanks: 304 given, 165 received

Weekly summary (7th)

Monday: great lost
Tuesday: great win
Wednesday - Friday: No trade

Tuesday I covered all the loss of monday and stopped trading for the rest of this week. I've thought a lot about my trading bahavior and mental status.

I found that I was totally constrained by the idea of trading plan and discipline. I had the idea that all trades should be managed exactly according to my trading plan or strategy. The plan/strategy will get thicker and more detailed as experience and skills learned. But this is not a good way, at least not for me. It brings a lot of pressure to myself, as I'm always under the wareness that the number of trade and singal of entry are limited.

The main point of trading plan is to provide oneself a explicit outline to guide trading behavior and contrain any possible catastropic losing mind behavior. But it should remain a guide, not a detailed regulations to control every aspect of trading. Holding the idea that I should behave according to my trading plan brings me a lot of pressure, and heavily influenced my decision making, the result is a very unstable mental environment. Once I have a losing trade, I suffer more from it and place more unwise trades.

I'm not suggesting that trading plan/strategy is useless or has a lot of side effect. If I remember well, there was a speech about the code of pirates in the movie 'Pirates of the Caribbean'. The idea is that the code of pirates is to providing all sailors a guide to survive in the sea, but not a rule that requires anyone to mimic the words.

I think that giving myself a detailed plan and obligate myself to behave strictly according to it is not a self-confident way to manage trades. The idea of trusting oneself or anyone else is to provide a suitable space for them to perform and a explicit/strict ontline to prevent any serious consequence. If the boundry has been drawn too close and impedes the perform of normal behavior, then it could be broken easily.

Reply With Quote
The following user says Thank You to tshunhu for this post:
 
  #58 (permalink)
Elite Member
Hubei, China
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Interactive Broker
Favorite Futures: Stocks
 
tshunhu's Avatar
 
Posts: 272 since Jun 2014
Thanks: 304 given, 165 received

20141027 + 20141028

20141027
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


20141028
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


I do not have time to go through every trade, but in general I still cannot hold a winning trade. But when I place a trade, I do feel better as I keep telling myself that the logic of every entry is sound to my current judgement skill.

Reply With Quote
The following 2 users say Thank You to tshunhu for this post:
 
  #59 (permalink)
Elite Member
Hubei, China
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Interactive Broker
Favorite Futures: Stocks
 
tshunhu's Avatar
 
Posts: 272 since Jun 2014
Thanks: 304 given, 165 received

Weekly Summary (8th)

I have not done anything wrong On Monday and Tuesday, Wednesday I digged a deep hole to bury myself by thinking I'm ready to trade bigger size than 100 shares.

I was not doing well since the beginning of September. And I keep comtemplating the reason for the last few weeks. Actually, there are some clues suggesting that changes in my life must influenced my mental environment in trading.

I shall not focus on making money from trading, as I stated in my trading plan, I have lost my mind in account balance and dailty profit.

The only way out is to make progress and accumulating step by step~

Reply With Quote
The following 4 users say Thank You to tshunhu for this post:
 
  #60 (permalink)
Elite Member
Hubei, China
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Interactive Broker
Favorite Futures: Stocks
 
tshunhu's Avatar
 
Posts: 272 since Jun 2014
Thanks: 304 given, 165 received

Back from a trip


Hi Everyone, I just came back from a trip to the west of china~ Long trip~

I used this period of time to take a rest and free myself from focusing on trading~

Hope I will be able to trade without thinking to much on lose and gain, but more on the process as a journey to exploring the market and inner mental world~

Reply With Quote
The following 3 users say Thank You to tshunhu for this post:

Reply



futures io > > > TS' Trading Journal (Since 2014/9/8)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Price Action Ripper's Journal tturner86 Elite Trading Journals 1194 April 12th, 2015 12:52 AM
Option Trading (2014) Bermudan Option Trading Journals 28 August 25th, 2014 11:09 AM
Global stock trading volumes on the rise in 2014 kbit News and Current Events 0 August 5th, 2014 09:58 PM
SmilingWolf's 2014-2015 Trading Journal SmilingWolf Trading Journals 3 July 25th, 2014 05:30 PM
2014 spot FX journal nhtngn85 Trading Journals 28 February 25th, 2014 11:58 AM


All times are GMT -4. The time now is 02:49 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.09 seconds with 19 queries on phoenix via your IP 54.163.209.109